London CNN —
Western defense companies have been riding high since Russia launched its full-scale invasion of Ukraine two years ago, and a proliferation of geopolitical threats is likely to keep the industry booming despite doubts about further US military aid for Kyiv.
Since February 23, 2022, the day before Moscow began bombing several Ukrainian cities, the stocks of five of the top US and European defense contractors have all risen. The companies — Europe’s BAE Systems, Thales and Rheinmetall, and Lockheed Martin (LMT) and Northrop Grumman (NOC) in the United States — have all either provided weapons
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